Insights from the 100+ business ideas we killed last year

Insights from the 100+ business ideas we killed last year

Boards of Innovation provide companies with validation services for new concepts. They believe that it is essential to find the weak spots of new ideas before investing too much in them. A simple yet effective technique is to research the search intent of potential customers. Are they searching for the proposed product or service? This can save an incredible amount of time and energy. Another technique involves identifying the minimum vitality of the concept, the most basic user requirements, and testing it on early adopters. Lastly, understanding the niche market of a new idea is vital to validate its potential success.

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More Innovation Resources:

Does Location Matter for Open Innovation?

Location matters in open innovation, but the tradeoff is between the quantity of a virtual network versus the quality of a physical cluster. Clusters can help tap into critical mass of solvers.

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Orange Socks: 10 Things People Learn When They Ask about Them

The author shares the story behind his affection for the color orange and how it has become a way to spark conversations and interactions.

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The Venture Studio Business Model, Explained  | Corporate Lab

Venture studios are becoming popular in the business world, as they rapidly build and develop new companies. They use their resources and expertise to create startups, from identifying opportunities to scaling the business. They earn equity or payment for their services in return.

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